Electric Motor Market Industry Outlook, Size, Growth Factors, and Forecast To 2029

Electric Motor Market Industry Outlook, Size, Growth Factors, and Forecast To 2029

Electric Motor Market size was valued at US$ 129.47 Bn in 2022 and the total revenue is expected to grow at 6.9 % through 2023 to 2029, reaching nearly US$ 206.55 Bn.

Electric Motor Market Report Overview

Maximise Market Research publishes research to help clients fully understand the structure of the Electric Motor Market. Combining direct and secondary research, the report provides a thorough understanding of the Electric Motor industry by including trade figures, key players, and a wide range of market indicators.

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Electric Motor Market Report Scope and Research Methodology

An easily understood understanding of the Electric Motor market's key elements, including size, market share, growth, trends, demand, top players, industry profile, opportunities, value cycle, end-users, types, and applications, is made possible by the report's incorporation of business statistics and analytical insights. A bottom-up methodology was used to estimate the size of the Electric Motor market on a global and regional scale. The study uses primary and secondary research methods to give a comprehensive picture of the market structure for Electric Motor.

The secondary research approach involved selecting data from a carefully chosen range of sources, concentrating on important figures in Electric Motor, and documenting both recent and past trends in the field. Interviews with industry experts were conducted as part of primary research to validate the data obtained from secondary research. In order to assist stakeholders in making wise investment decisions, the report also explores growth prospects in macro and micro markets. It offers a thorough examination of the market environment and the products and services provided by notable Electric Motor rivals. The paper also uses SWOT analysis to list the market's advantages and disadvantages for Electric Motor.

Electric Motor Market Regional Analysis

The report has been segmented into many key countries. This section provides a detailed analysis of the Electric Motor market in all the regions with their key countries including market size, CAGR, and import and export. The regions and their countries studied are:

  1. North America- U.S., Canada, Mexico 
  2. Europe- UK, Germany, France, Spain, Rest of Europe
  3. Asia Pacific- China, India, Japan, Australia, South Korea, Asian Countries, Rest of APAC
  4. South America- Brazil 
  5. Middle East and Africa.

Electric Motor Market Segmentation

by Output Power

by Type
AC Motor
Synchronous AC Motor
Induction AC Motor
DC Motor
Brushed DC Motor
Brushless DC Motor
Hermetic Motor

by Application
Industrial Machinery
Motor Vehicle
HVAC Equipment
Aerospace & Transportation
Household Appliances

by Voltage Range
9V & below

by Speed
Low Speed
Medium Speed High Speed
Ultra-High Speed

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Electric Motor Market Key Players

1. Johnson Electric Holdings Ltd.
2. Baldor Electric Company, Inc.
3. Ametek, Inc.
4. Siemens AG
5. Brook Crompton UK Ltd.
6. Danaher Motion LLC
7. Allied Motion Technologies Inc.
8. Franklin Electric Co., Inc.
9. ABB Group
10. ARC Systems Inc.
11. ASMO Co., Ltd.
12. Dr. Fritz Faulhaber GmbH
13. Emerson Electric
14. Maxon Motor AG
15. Regal Beloit Corporation
16. Rockwell Automation Inc.
17. Nidec Corporation
18. Wolong
19. WEG
20. Mitsubishi Electric Corporation
21. Mitsuba Corporation

Key Questions answered in the Electric Motor Market Report are:

What will be the CAGR of the Electric Motor market during the forecast period?

What was the Electric Motor market size in 2022?

What is the expected Electric Motor market size by 2029?

What is the expected Electric Motor market size by 2029?

Which segment of the Electric Motor market held the largest share of the global market in 2022?

What trends are expected to generate additional revenue for the Electric Motor market?

What are the opportunities for the Electric Motor Market?

What factors are driving the Electric Motor market growth?

Which company held the largest share in the Electric Motor market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)

Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2023−2029

Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region

Market Segmentation – A detailed analysis by segments with their sub-segments and region

Competitive Landscape – Profiles of selected key players by region from a strategic perspective 

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis 

PORTER’s analysis 

Value chain and supply chain analysis 

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis 


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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